$5,225 Closing Credit*
$440,000
608 SqFt
1 Bed
•1 Full Bath
Dorthy Routt, Listing Office: Real Broker
Is San Diego, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, San Diego has remained a Seller's Market.
Key Takeaway
San Diego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Diego, CA
How much do homes in San Diego, CA cost?
Median Sold Price
$948,850
$701/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$67,659(+7.7%)
Key Takeaway
Homes in San Diego have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in San Diego was $948,850 in November 2024, up 7.7% from last year, and the median price per square foot was $701.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $482K | $489.2K | +1.5% |
| 2 Bedrooms | $720.1K | $744.3K | +3.4% |
| 3 Bedrooms | $965K | $1.0M | +8.7% |
| 4 Bedrooms | $1.2M | $1.3M | +14.0% |
| 5+ Bedrooms | $1.8M | $2.1M | +13.5% |
Summary: San Diego housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| La Jolla | $1.9M | $2.2M | +16.7% |
| Lemon Grove | $685.5K | $745K | +8.7% |
| La Mesa | $800K | $865K | +8.1% |
| San Diego | $881.1K | $948.8K | +7.7% |
| Santee | $730K | $771.3K | +5.7% |
Housing Supply in San Diego, CA
How many homes are available in San Diego, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,912 | 2,780 | -4.5% |
Summary: The San Diego real estate market had 2,780 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 308 | 301 | -2.3% |
| 2 Bedrooms | 886 | 860 | -2.9% |
| 3 Bedrooms | 945 | 858 | -9.2% |
| 4 Bedrooms | 545 | 522 | -4.2% |
| 5+ Bedrooms | 228 | 239 | +4.8% |
Summary: The San Diego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.3%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 804 | 629 | -21.8% |
Asking Price vs. Sold Price
308 Homes Were Sold
Under Asking
109 Homes Were Sold
At Asking
212 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Diego, you may be able to get a good deal. 49% of homes here sold below asking price last month.
Summary: A total of 629 homes were sold or pending in San Diego in November 2024, down by 21.8% month-over-month. Of the 629 sold homes, 49% were sold under asking, 17% were sold at asking, and 34% were sold over asking.
Days on Market for San Diego, CA
How long does it take to sell a home in San Diego, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 27 Days | +35.2% |
Summary: Homes in San Diego had an average of 27 days on market in Nov 2024, up by 35.2% compared to last year.
Breakdown of Home Sale Times
417 Homes Were Sold
Under 30 Days
183 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Diego are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 629 homes were sold in San Diego; 66% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.